Is a second percentile move going back to 73. Look, if youre a stock guy, youre thrilled because we are so tired of hearing on a Constant Currency basis. This time it could be very big earnings for a lot of Companies Overseas and Procter Gamble and really, really well in this environment. J j does really well the gold run is a combination of Central Banks printing money and also a pest misimistic view on is going to happen with covid we try ceos who are very excited about their vaccine the more people say this is going to end and at the same time we have a huge spring board because of all the money being printed. Things will be good. David, ive never seen a moment where you have a coiled spring if good news happens, but if you dont get a vaccine, just get ready for another one of these things in a couple months. Well, i mean, were looking right now at the board there were showing moderna and the progress, jim, that they have made towards a vaccine the news this morning, of course, is t
Certain tariffs. Not just a trade deal, but actually removing some of the economi existing tariffs earnings continue to lead us higher just a bit. We have names like kroger and tapestry, the old coach beating expectations joining us for the entire hour is a man you know well, steven weiss from Short Hills Capital partners steven, good to see you down here at the New York Stock Exchange good to see you brian good to see us both heres the thing, earnings, trade, maybe just general positive market sentiment. One of those three or maybe something else, that has been the primary driver for what has been a nice little run we are up nine of the past eleven sessions on the s p 500 i think there are multiple drivers to the market. Trade being the most important and the most dominant. You can see the correlation. For those who say that trade is all in the market, thats clearly not true because when you get positive news coming out, the market ticks up when you get negative news, it goes down. So
More coming up with stefano pe ssina. A mixed bag when it comes to equities yesterday. Weighing the culmination of the two date fed meeting. Currencies rising against the dollar. Strategists are revising their estimate for the pound after last week. The boe signaling it would withdraw stimulus after the 3 increase on thursday. The sterling is the blue line here. The white line is the dollar. There is a gap between the two. Theirts have all revised evaluations since thursday. The market is now pricing in at pricing in a 61 chance rate hike in november. Keep an eye on the forecasts. We are getting some data out of germany, Investor Confidence is rising which is a sign that concerns over the strengthening euro is dissipating somewhat. The euro showing signs of stabilizing after climbing 14 against the dollar. Closelypolicymakers are Monitoring Exchange elements. The countrys economy is expected to continue with its strong expansion in the third quarter. The pickup in german Investor Confi